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According to a report by American financial media CNBC on October 15, U.S. law enforcement agencies uncovered a large-scale 'pig-butchering' scam in Cambodia, seizing 127,271 bitcoins held by the mastermind behind it, with a total value of about $15 billion. This is the largest confiscation operation in the history of the U.S. Department of Justice. The U.S. Federal Court in Brooklyn, New York, announced an indictment on October 14, accusing 37-year-old Chen 'Vincent' Zhi and others of conspiracy to commit wire fraud and money laundering. Zhi is currently at large and is believed to still be in Cambodia. If convicted, he could face up to 40 years in prison. "As alleged, the defendants are the masterminds behind a vast wire...

Against the backdrop of the booming global cryptocurrency market, on December 9, 2024, Binance founder Zhao Changpeng presented a stunning viewpoint at the Bitcoin MENA conference in Abu Dhabi: China may become one of the countries establishing Bitcoin reserves. In the context of the upcoming implementation of the US Bitcoin Strategic Reserve Plan, Zhao Changpeng's viewpoint is particularly noteworthy. All parties are considering its possibilities and potential impacts, and the future direction is full of suspense and variables. Zhao Changpeng stated that Bitcoin, known as "digital gold" due to its scarcity and decentralized characteristics, is increasingly favored among investment groups. Compared to traditional legal tender and financial instruments, its value preservation efficiency is more outstanding. The Bitcoin reserve strategy is...